Udeesha Tomar
AVP - Strategy and Solutions
Leading procurement research solutions across chemicals, materials, and food & beverages, with expertise in price forecasting and market analytics.
Naphtha Price Trend Analysis 2026: Supply Demand Analysis, Latest News, Price Drivers, Historical Prices & Market Insights
Written ByUdeesha Tomar
Naphtha Price Trend Q1 2026
| Product | Region | Incoterm Basis | Price | Time Period |
| Naphtha | China | FOB | USD 1,157.49/MT | April 2026 |
| Naphtha | India | FOB | USD 976.80/MT | April 2026 |
| Naphtha | USA | FOB | USD 883.58/MT | April 2026 |
| Naphtha | Germany | CIF | USD 1,001.50/MT | April 2026 |
| Naphtha | South Korea | FOB | USD 1,202.49/MT | April 2026 |
| Naphtha | China | FOB | USD 1,019.64/MT | March 2026 |
| Naphtha | India | FOB | USD 1,091.93/MT | March 2026 |
| Naphtha | USA | FOB | USD 788.13/MT | March 2026 |
| Naphtha | Germany | CIF | USD 900.00/MT | March 2026 |
| Naphtha | South Korea | FOB | USD 1,290.00/MT | March 2026 |
Stay updated with the latest Naphtha prices, historical data, and tailored regional analysi
- Global naphtha moved from relative stability at the start of Q1 2026 to a sharply firmer trend by March, as energy-market disruption and tighter trade availability lifted sentiment across regions.
- Feedstock conditions strengthened mainly because crude-linked costs surged after the Iran war and the blockage around the Strait of Hormuz disrupted a key energy corridor handling about 20% of global oil and LNG trade flows.
- Downstream demand stayed uneven early in the quarter, but improving olefin economics later on and restocking in parts of the petrochemical chain supported naphtha consumption.
Asia
In Asia, naphtha prices were fluctuating in Q1 2026, with softer sentiment in early January and a strong rise by March. At the start of the quarter, weaker ethylene margins reduced buying interest from crackers and limited spot support. This kept demand restrained in both China and India despite routine petrochemical consumption. The trend shifted sharply later as the Iran war disrupted regional energy flows and the Strait of Hormuz blockage tightened supply visibility, raised freight and replacement costs, and strengthened crude-linked sentiment. By March, improved ethylene-naphtha economics supported better downstream appetite, allowing the market to turn decisively firmer. India broadly followed the same direction as China, with import dependence making the market more sensitive to freight risk and disrupted cargo movement.
Europe
In Europe, naphtha prices were oscillating in Q1 2026, but the quarter ended with a clear upward bias. Early demand remained limited because derivative sectors were weak and petrochemical margins were under pressure. The Iran war then changed the cost structure across the region by pushing up energy and shipping expenses. Since Europe is highly exposed to imported energy and feedstocks, the Strait of Hormuz disruption intensified supply concerns and lifted naphtha sentiment even though downstream demand recovery remained only moderate.
North America
In North America, naphtha prices were wavering in Q1 2026. Domestic conditions were more balanced than in Asia, but the market still strengthened later in the quarter as global crude-linked cost pressure intensified. The Iran war and the disruption to the Strait of Hormuz tightened overall energy-market sentiment, which supported refinery-linked feedstock values. Downstream demand remained moderate, but firmer petrochemical economics late in the quarter helped prevent weakness.
Analyst Insight
According to Procurement Resource, naphtha is expected to stay on a firm but range-bound trend, as elevated crude-linked costs continue to support the market, while uneven downstream demand may limit stronger upward movement.
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| Product | Category | Region | Price | Last Updated Month |
| Naphtha | Chemicals | North America | 557 USD/MT | November 2025 |
Asia
The Asian region saw an uneven trend for naphtha in 2025. At the start of the year, prices fell because demand was weak and supply was more than enough. Slow activity in major industries and lower buying interest added to the pressure. As the months passed, the region showed more mixed signals. China became the strongest buyer, as it increased import allowances and prepared new plants, which supported its consumption. South Korea faced the opposite situation. Its industry struggled with low returns, and several companies agreed to reduce capacity, which lowered its demand for the rest of the year. India also saw uncertainty as sanctions affected trade patterns and created delays and cancellations. Toward the end of the year, supply tightened in some Asian markets due to global disruptions, but weak consumption prevented a major rebound.
Europe
Europe moved through a quieter and softer year in 2025. Demand stayed low as several industries ran below normal levels, and buyers remained careful with purchases. Even though global trading patterns changed due to sanctions and political decisions, Europe did not face serious supply issues, as replacement cargoes were available. Some countries prepared to reduce dependence on certain suppliers, adding more caution to the market. Later in the year, the region continued to rely more on alternative sources, and interest in traditional grades declined. As a result, Europe remained steady but weak throughout the year, shaped mostly by slow industrial activity.
North America
The North American market saw a weak start in 2025, with prices dropping sharply in January due to oversupply and reduced buying from chemical and plastics units. Sentiment stayed negative for several weeks before stabilizing. Through the middle and later parts of the year, the market held low but balanced. Production stayed steady, and inventory levels remained manageable. Demand did not fully recover, but the region avoided major volatility. Overall, North America experienced a stable but subdued year.
About Naphtha
Naphtha is a type of gasoline or raw petrol derived from raw materials and crude oil for use in the chemical industry. It a is a highly versatile hydrocarbon compound that is highly flammable, colourless, and highly volatile. It is made by distilling organic substances such as wood, coal tar, petroleum, and shale. Depending on its source or composition, naphtha is known by various names such as coal tar naphtha, wood naphtha, petroleum spirits, shellite, and white gas.
Naphtha Product Detail
Hs Code
271012
Cas Number
8030-30-6
Industrial Uses
Petrochemicals, Agriculture, Paints and coatings, Aerospace
Synonyms
Petroleum Naphtha, Petroleum Ether
Supplier Database
China Petrochemical Corporation, Reliance Industries Limited, Shell Chemicals, Exxon Mobil Corporation, Indian Oil Corporation Limited, Novatek, SABIC
Regional Coverage
Asia Pacific
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe
Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America
United States and Canada
Latin America
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa
South Africa, Nigeria, Egypt, Algeria, Morocco
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Naphtha Production Processes
- Production of Naphtha via Distillation Process
Naphtha is produced in petroleum refineries as one of the intermediate products of crude oil distillation.
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